Bangladesh world’s 49th top merchandise importing country

Bangladesh has been ranked as the 49th top merchandise importing country in the past year, according to the World Trade Organization – Trade Profiles 2018.

The report, released in July, also showed that by excluding intra-EU (European Union) trade, the rank jumped to 31st place in 2017.

Nevertheless the country’s share in the global merchandise import is still below 1.0%.

According to the WTO estimation, it was around 0.29% in the past year. On the CIF (Clearing, Insurance and Forwarding) basis, the value of merchandise import stood at $52.83 billion in the past year, unveiled the report.

China is the main source of import for Bangladesh followed by India, Singapore and European Union.

Global import stood at $18,024 billion in the past year. By excluding intra-EU trade, it came down to $14,243 billion in 2017, according to the WTO statistics. (The Financial Express)